https://www.taxtmi.com/caselaws?id=29133 A time-barred excise refund claim does not create an accrued right to refund merely on filing; where the statutory limitation under Rule 11 of the Central Excise Rules, 1944 had to be relaxed, income accrued only when the delay was condoned and the refund was sanctioned. A later receipt of the unpaid balance of the export sale price remained part of the trading receipt, because the earlier payment was only on account and the final amount merely completed the sale consideration for goods sold in the earlier year. On that reasoning, both amounts were treated as taxable in the Revenue's manner. en-us Wed, 23 Jun 1982 00:00:00 +0530 Thu, 11 Mar 2010 10:44:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29133 A time-barred excise refund claim does not create an accrued right to refund merely on filing; where the statutory limitation under Rule 11 of the Central Excise Rules, 1944 had to be relaxed, income accrued only when the delay was condoned and the refund was sanctioned. A later receipt of the unpaid balance of the export sale price remained part of the trading receipt, because the earlier payment was only on account and the final amount merely completed the sale consideration for goods sold in the earlier year. On that reasoning, both amounts were treated as taxable in the Revenue's manner. Case-Laws Income Tax Wed, 23 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29133